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Remortgage Deals
It is worth noting that a remortgage is not the best option in all cases,
even if the lender you are considering switching to is offering a lower
APR, you must take into consideration the facts that:
- The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage,
with your current lender.
- If you switch mortgage, you could be extending your repayment
period, therefore although you will be paying less monthly, the total
amount you repay could be more.
- Also; you may be able to switch your mortgage deal with your current
lender, avoiding any un-necessary costs. Many lenders will allow you to
switch your mortgage deal reasonably frequently.
If you are looking to replace your existing mortgage for one with lower payments please fill out our quick enquiry form.
So what do you do if you have already paid off a large proportion
of your mortgage?
- If you owe very little or nothing on your mortgage and you wish to
release all or some of the equity in your home then an Equity
Release plan, may be right for you. However an Equity release plan
is normally, only granted to people who:
Are you at retirement age?
- Have you paid off all or most of their mortgage (if you do have any
outstanding payments on your mortgage, then you must pay them off, totally
when you get your equity release payment)
More information on remortgage packages.